3T of success of Trillion $ companies
Insights from the founders of Billion and Trillion $ companies
Timing is the first of 3T in the formula of success of startup.
I know Sam Altman and other AI founders who have launched with their ideas far ahead of the AI boom. Their patience came to the fruition, when they met right people and developed multiple technologies that created synergetic and network effects.
Consider robotics. The development of this form factor for consumer market started 30 years ago but only now there is the right time to launch a robotics startup, making use of AI and other synergetic technologies.
Timing is the synonym of luck.
Even geniuses struggle, when they act ahead of a proper timing. Numerous social media startups failed before MySpace and Facebook. How to know, when is the right time to start with your idea?
Read trending experts. Bill Gates and other founders of trillion $ companies start they day with reading digests from new business books or analytical materials.
Idealabs founder Bill Gross (investor of hundred of unicorns and soonicorns) analyzed several hundred startups, from big successes to big failures, looking for the most important startup keys to success. He considered idea, team, business technology and timing. This is his his insight:
The number one thing was timing. Timing accounted for 42 percent of the difference between success and failure. Team and execution came in second, and the idea, the differentiability of the idea, the uniqueness of the idea, that actually came in third.
When you meet right people on the right time, you’re gaining momentum immediately
Head of Digital Assets at Blackrock has visited Abu Dhabi Finance week in 2022, during crypto winter and negative attitude of his boss towards crypto. Now, times changed. You can meet him at Bitcoin conference Nashville.
And, he was invited to
